The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General property located at 713 Maidson Street in Jefferson City, Missouri for $975,000.
This 11,000 SF building is strategically positioned between US Highway 50 (20,000 VPD) and US Highway 54 (15,100 VPD). The property has a beneficial location ½ mile from Lincoln University (1,800 students) and 1 mile from the Missouri State Capitol. The population exceeds 44,900 people within a 5-mile radius of the property, with an average household income of $78,162.
The Dollar General property has over 7 years of lease term remaining and features 10% rent increases in each of the five 5-year renewal options. The property just had a new roof installed in May 2025 and had its parking lot resurfaced in June 2025.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The buyer is a private individual based in Texas, and the seller is a Midwest-based real estate firm.
Dollar General is an investment-grade rated company with a Standard & Poor’s rating of BBB. The company was founded in 1939 and is headquartered in Goodlettsville, Tennessee. Dollar General is ranked #111 on the 2024 Fortune 500 list. Dollar General has over 193,000 employees and operates more than 20,000 stores in 48 states as of August 2024.
“Net lease properties with investment-grade tenants and low rent remain attractive investments” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner at The Boulder Group, added, “The market for Dollar General stores remains active as they offer a stable investment at attractive yields.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
